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Hedera Breaks Out: HBAR Price Holds Above Key Level, Targets $0.43
In a significant development, the price of HBAR has broken out and is now holding above a critical level, setting its sights on a potential target of $0.43.
Recent data from CoinGecko shows that HBAR’s price has surged past the $0.216 mark, flipping key resistance into new support. This bold move comes after weeks of consolidation, which appears to signal growing momentum in the market.
According to technical analysis, the structure of this move suggests a healthy market trend with room for growth. No signs of sharp reversal have emerged, and the ongoing consolidation above $0.20 has added confidence for bulls.
As long as support near $0.216 holds, the setup remains favorable, analysts argue. This momentum is likely to fuel further upside in the coming weeks if volume remains consistent and buyers continue to drive prices higher.
The chart structure, combined with historical levels, signals strong buyer interest in HBAR.
Source: blockonomi.com
